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Agriculture

Zimbabwe: Tobacco exports generated $855 million in 2015

Wednesday, 20 January 2016 18:55

(Ecofin Agency) - In Zimbabwe, tobacco exports generated $855 million up 11% compared to the previous year. This is due to the higher cost for the commodity and higher demand from China. The country exported 152 million kg in 2015 against 136 million kg the year before.

However, Zimbabwe will hardly be able to keep on this trend despite the stable demand from China. This as a consequence of the El Niño phenomenon.

According to Andrew Matibiri which heads the Tobacco Industry and Marketing Board (TIMB), the meteorological phenomenon forced producers to postpone seed planting. Authorities thus expect a fall in national output. El Niño could expose about 14 million people to hunger in Southern Africa.

Aaron Akinocho

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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